Which of the following will cause an increase in quantity demand for camcorders?

Decrease in price of camcorders

has all of the above characteristics

Which of the following will cause an increase in supply for DVD players?

decrease in the resource cost of DVD players

Which of the following will cause a decrease in demand for scanners?

decrease in number of consumers

The law of demand states that

price and quantity demand are inversely related

Which of the following will cause a decrease in supply of computers?

taxes to suppliers of computers

Which of the following will not shift the demand curve for beef?

a reduction in the price of beef

Which of the following will cause an increase in quantity supply for DVD players?

increase in the price of DVD players

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Supply and Demand

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Questions 20

Answers

1
Which of the following will cause an increase in quantity demand for camcorders?
Decrease in price of camcorders
Increase in price of camcorders
Decrease in incomes
Increase in in incomes
2
An economist predicts that an increase in consumer incomes will increase the demand for bikes
bikes have a lot of complementary goods
bikes have a lot of substitutes
few substitutes for bikes
bikes are normal goods
3
In moving along a stable demand curve, which of the following is not held constant?
consumer incomes
price expectations
the price of the product
4
A demand curve
has all of the above characteristics
graphs as a down-sloping line
indicates the QD at each price
shows the relationship between price and QD
5
If a modest price increase has little or no effect, the demand for the product is
inelastic
unit elastic
elastic
complementary
6
Which of the following will cause an increase in supply for DVD players?
producer expectations of DVD players
decrease in the price of DVD players
increase in the price of DVD players
decrease in the resource cost of DVD players
7
Relationship between QD & price is _ and the relationship between quantity supply and price is_
inverse, inverse
inverse, direct
direct, inverse
direct, direct
8
Which of the following will cause a decrease in demand for scanners?
decrease in price of scanners
increase in price of scanners
decrease in incomes
decrease in number of consumers
9
The law of demand states that
price and quantity supply are inversely related
price and quantity demand are directly related
price and quantity demand are inversely related
reed is awesome
10
Which of the following will cause a decrease in quantity supply for computers?
decrease in price of computers
increase in price
subsides to suppliers of computers
producers expectations of computer prices increase
11
Which of the following will cause a decrease in supply of computers?
increase in price of computers
taxes to suppliers of computers
decrease in price of computers
producer expectations of of computer price increases
12
When the price of a product falls, the purchasing power of our money income rises
inferior good
income effect
law of supply
substitution effect
13
An increase in the price of computers will cause
QD to increase
QD to decrease
QS to decrease
supply curve shift to the right
14
Which of the following will not shift the demand curve for beef?
a reduction in the price of beef
study indicated beef increases cholesterol
a change in the incomes of beef consumers
an effective advertising campaign by pork producers
15
When the price of Milky Ways increase, consumers increase purchases of Snickers
inverse effect
an inferior good
the substitution effect
the income effect
16
If the price of coke increases, the demand curve for pepsi will
shift to the right
decrease
remain unchanged
shift to the left
17
Which of the following will cause a decrease in quantity demand for scanners?
decrease in price of scanners
decrease in number of consumers
increase in income
increase in price of scanners
18
Which of the following will cause an increase in quantity supply for DVD players?
decrease in the resource cost of DVD players
increase in the price of DVD players
decrease in the price of DVD players
producer expectations of DVD players
19
Which of the following will not cause the demand for Snickers to change(shift)
a decrease in consumer incomes
change in price of hershey
incease in consumer incomes
change in price of snickers
20
Which of the following will cause an increase in demand for digital cameras?
Decrease in incomes
Increase in price of the cameras
Decrease in price of cameras
Increase in incomes

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